Federal Bank has reported that its total deposits stood at Rs 154938 crore (provisional) as of June 30, 2020, up 17% YoY as against Rs 132537 crore as of June 30, 2019 and Rs 152290 crore as of March 31, 2020. Customer Deposits was at Rs 149418 crore (provisional) as of June 30, 2020, up 16% YoY as against Rs 128318 crore as of June 30, 2019 and Rs 145651 crore as of March 31, 2020.
The bank’s gross advances stood at Rs 123085 crore (provisional) as of June 30, 2020, up 8% YoY as compared to Rs 113717 crore as of June 30, 2019 and Rs 124153 crore as of March 31, 2020.
Federal Bank is a major Indian commercial bank in the private sector headquartered at Aluva, Kerala having more than thousand branches and ATMs spread across different States in India. It offers personal, corporate, NRI, SME banking, online banking services to its customers.
